Spectrum Group International Announces Consent Results

COSTA MESA, Calif., Oct. 08, 2021 (GLOBE NEWSWIRE) – Spectrum Group International, Inc. (OTC Pink: SPGZ) has announced that it has received consent from holders of 57% of its outstanding shares approving a 1:10 stock split common shares of the Company. Following the stock split, registered shareholders who own less than 10 common shares prior to the stock split will receive a cash payment of $ 875 per share prior to the stock split instead of receiving a fractional share. after the stock split.

The Company intends to complete the reverse stock split as soon as possible after receipt of the applicable financial regulatory authorization, the application of which is pending.

The Company anticipates that after the completion of the reverse stock split, it will have approximately 2,100 common shares outstanding.

About Spectrum Group International

Spectrum Group International operates through its subsidiaries as an integrated network of leading companies focusing on numismatics (coins) and paper money. The Company is also a dealer / reseller of certain collectibles. Our products are sold through auctions – both traditional live auctions and internet-only auctions – or through merchant transactions. The Company has offices and auction houses in North America, Europe and Asia. The principal subsidiary of the Company is Stack’s-Bowers Numismatics, LLC. In addition, through the Company’s 40% interest in Spectrum Wine Auctions, LLC, the Company is also engaged in the sale of rare and fine vintage wines.

Contact:

Carol Meltzer
Spectrum International Group
914-548-5602

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